Liberty Global (NASDAQ:LBTYA) Cut to “Neutral” at UBS Group

UBS Group lowered shares of Liberty Global (NASDAQ:LBTYA) from a buy rating to a neutral rating in a research note released on Monday, MarketBeat Ratings reports. UBS Group currently has $13.00 price target on the stock, down from their prior price target of $23.00.

Several other research analysts have also weighed in on the stock. Benchmark reiterated a “buy” rating and issued a $27.00 price objective on shares of Liberty Global in a research note on Tuesday, October 29th. Bank of America raised shares of Liberty Global from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $15.50 to $21.30 in a research note on Monday, August 12th. Finally, Citigroup began coverage on Liberty Global in a research note on Friday, August 9th. They set a “buy” rating and a $25.00 price target for the company. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $22.90.

Liberty Global Stock Up 3.8 %

LBTYA stock opened at $13.27 on Monday. The firm has a market cap of $4.74 billion, a PE ratio of -1.31 and a beta of 1.18. Liberty Global has a 12 month low of $10.93 and a 12 month high of $21.56. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a 50 day simple moving average of $19.67 and a 200 day simple moving average of $18.67.

Institutional Trading of Liberty Global

Large investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its holdings in shares of Liberty Global by 63.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,545 shares of the company’s stock valued at $27,000 after acquiring an additional 601 shares in the last quarter. Blue Trust Inc. boosted its position in Liberty Global by 110.3% during the third quarter. Blue Trust Inc. now owns 1,859 shares of the company’s stock valued at $39,000 after purchasing an additional 975 shares during the last quarter. nVerses Capital LLC bought a new position in Liberty Global in the second quarter valued at approximately $75,000. Whittier Trust Co. increased its position in shares of Liberty Global by 21,707.3% during the 2nd quarter. Whittier Trust Co. now owns 8,941 shares of the company’s stock worth $156,000 after purchasing an additional 8,900 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Liberty Global by 4,512.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,948 shares of the company’s stock worth $156,000 after purchasing an additional 8,754 shares in the last quarter. 37.20% of the stock is owned by institutional investors.

Liberty Global Company Profile

Liberty Global Ltd., together with its subsidiaries, provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers. It offers value-added broadband services, such as WiFi features, security, anti-virus, firewall, spam protection, smart home services, online storage solutions, and web spaces; and Connect Box that delivers in-home Wi-Fi service.